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STATS nXS- -- LRV
HITT & LOiaT Ci.
COLUMBIA. MO. 65-- J-
72nd Year No. 231 ChmmI Morn in"! It's Friday, June 13, 1980 2 Sections 18 Pages - 15 Cents
Panel issues new regulations for boarding homes
By Jennifer Hull
Missourian staff writer
JEFFERSON CITY After nine months of
deliberation, an ad hoc committe of the state's
Department of Social Servioes issued new regu-lations
Thursday for adult boarding and reside-ntial-
care facilities.
The regulations, effective July 11, include the
first fire safety code for these homes in the his-tory
of the state. They also set standards for in-creased
personnel in the 451 adult boarding
homes, 300 homes which house mentally- il- l pa-tients
and the 38 homes classified as reside-ntial-
care facilities.
The boarding home regulations are an out-growth
of the Omnibus Nursing Home Act
Fire safety and personnel standards set
passed by the Legislature in 1979. This law puts
boarding homes under state regulation for the
first time. The ad hoc committee on nursing
homes will issue its report next week.
Government attention focused on the facili-ties
after an April 1979 fire which killed 25 resi-dents
at the Straughan Wayside Inn Retirement
Home in Farmingtcn. Authorities reported that
some residents could have been saved if more
staff had been on . duty. The woman on duty that
night was asleep when the fire started. Authori-ties
also attributed casualties to lack of a sprin- -
kler system and failure of smoke alarms to go
off soon enough.
The new regulations require that facilities
with more than 12 residents have an attendant
on duty who is required to be awake around the
clock. They also call for an automatic alarm
system. Sprinkler systems in facilities with res-idents
located above the second floor are man-datory,
as are other fire safety measures.
" If these regulations had been implemented
before the Farmington fire, the loss of life
would have been drastically reduced," said Da--
vid Freeman, director oT social services.
The cost of the new regulations is estimated
to be $ 3.2 million for this Qscal year. Two- thir- ds
of this amount will be used for fire safety and
personnel.
Of 451 facilities surveyed, David Monson, di-rector
of the Division of Aging, said one- thir- d
did not comply with the fire safety regulations
and more than half of these would require con-struction
to meet the new standards.
Monson said many small facilities may not be
able to meet the cost of implementing the new
regulations. " There is a real potential for losing
as many as 100 homes, particularly among
smaller homes where operators will be unwil-ling
to go to the expense otpurchasing fire safe-ty
equipment or make other staff adjust-ments,"
he said.
But Diana Felix, an attorney in the depart-ment,
said the number of homes in the state
had increased since last year and the depart-ment
has received 55 applications for new
homes.
Monson said enforcement of the regulations
could be difficult since the division is under-staffed.
But he said the division is cross- trainin- g
staff members for community service. " I
think we can barely scrape by,' Monson said.
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Rod Simmons of Colombia, in his Darth Vader disguise, has a close encounter with children. Jotac- ans- a
Umpire emissary
With ' iorce9 gone9 Vader stalks local streets
By Frank Gurskis
Missourian staff writer
It was just a normal muggy summer day as peo-ple
strolled innocently in downtown Columbia. Or
so it seemed.' Without warning, a dark figure ap-peared,
his black cape rippling in the hot wind. In
shock, people recognized Darth Vader had come to
town.
No, mis isn't another science fiction film script It
is a tale of devotion and promotion. Rod Simmons,
a telephone operator in real life, is a devoted sci-ence
fiction buff who likes dressing in his home-made
costume and $ 40 mail- ord- er mask to become
Darth Vader, intergalactic villian and international
movie star. -
The promoting comes in passing out handbills for
the June 18 local opening of " The Empire Strikes
Back," the much ballyhooed " Star Wars" sequeL
Despite Simmons' grim facade most people
aren't afraid of him. His most unpredictable audi-ence
is children. He recalls when he was hired to be
surprise guest at a birthday party, " The kids
weren't expecting me when I walked through the
kitchen door while they were cutting the cake. They
started to run away, but the mother called mem
back." Still the kids kept their distance until they fi-nally
became used to him.
While Simmons seems to grab people fairly often,
he's careful to squeeze just strong hard enough to
stay in character. When dressed up he says, " I try
to bring out the mean, the evil" in his personality.
" But you can only do so much; I don't have the
force' like Darth," he says with a chuckle.
In full costume, it is a demanding role in the sum-mer
beat. He says, " Hie first time I wore this I lost
five pounds. I liked it; I needed to lose some
weight."
Simmons has seen " Star Wars" 40 times and
" The Empire Strikes Back" six times in St. Louis.
Of course it's cheaper for Simmons when he is in
full regalia he is often admitted free.
For his promotional work, Simmons is getting
special theatre posters of his alter ego. With a back-ground
in computers and acting, Simmons hopes to
go into movies as an actor, director or producer.
Mall site annexation
1 City stands to gain $ 1.2 million
I ByBefljMoHard
I Mfatsourianstafi writer
I Lost in the turmoil of discussion over
1 the May Co.' s proposal for a shopping
mall outside the city limits has been
il the long- ter- m effects on the county it-- B
self. Many arguments on these effects ji will surface during the Boone County
: B Planning and Zoning Commission
B bearing June B.
8 The commission is not expected to
B render an immediate decision on the n May Co. request for a change in the
tfi land's use status to planned commer-- B
cial zoning.
H The controversy over the city's pos-- M
sible annexation of the property has
iffi obscured other problems. But afialexa- -
tion may be a phantom issue, at least
m as far as the county is concerned.
B A surprising comment came from
M Boone County Presiding Judge Bill
fig Freeh, who said, " I think it would be
w great if the city annexed the prop-- Si
erty." Be added, " It would take some
load off the county's back." Be e-xit
plained the city would monitor the
W waste water disposition, which be sees
Insight
as one of the overriding concerns of
mall development. He said he wouldn't
make annexation a condition he would
impose, however. v
County Planner John Whiteside said
the county can't at around and wait for
the annexation" process to be com-pleted
before acting. " The attempt to
annex may not be successful, and we
would lose over a year anticipating
something mat didn't turn out," he
said.
Annexation is not a phantom issue
for the Special Business District, how-ever,
which is opposing the May Co.
shopping maQ. Even if the mall were
annexed by the city, it would lie out--'
side the geographic boundaries of the
Special Business District, which would
lose tax revenue as a result.
When asked what he thought was the"
most important impact of a mall on the
county, Freeh said it was a perceived
need on the part of consumers that
they would like to have a qualify de--
partment store for convenience in
shopping. Keeping consumer dollars
dose to home rather than sending
them off to be spent in St. Louis or
Kansas City benefits the county, Freeh
said.
He said it makes no financial differ-ence
to the county whether the land is
annexed. The May Co. report to the
Planning and Zoning Commission pro-jects
annnal revenues of $ 142,000 to
Boone County- onc- e phase two of the
project is completed. In addition, the
library would gain $ 26,000 annually
and the fire district, $ 42,000.
It does make a difference to the city,
however. Columbia would receive $ 1,- 226,0- 00,
according to May Co. figures.
This is money the city would lose un-less
the property is annexed. In either
case, the Columbia School District
would receive an additional $ 623,000
annually.
May Co. representative Art Spel- imey- er
said the company has been
working with the city for some time on
the question of annexation, But it
( See MAY CO., Page ISA)
Congress gets
gas ration bill
WASHINGTON ( UPI) The admin-istration
Thursday sent Congress a
plan for coupon gasoline rationing that
if triggered during a shortage
would rival the vast Social Security
system in scope.
Unless both houses of Congress re-ject
the plan within 30 days, it will be
put on standby status for use in severe
petroleum supply disruptions.
If at some time the president wishes
to invoke coupon rationing, he wQl
have to demonstrate that at least a 20
percent shortage of gasoline, diesel
fuel and home heating oil exists, or is
likely to exist for 30 days, or he will
have to obtain a special waiver from
then, the Energy Department
estimates rt would take about three
months to put the plan into effect in
addition to 12 to 15 months preparation
that would follow initial congressional
approval at a $ 103 million cost- Congre-ss
would have 15 days to block
any presidential decision to ration.
With 153 million vehicles registered
m this country, the Energy Depart-ment
has likened the proposed- coupo- n
plan to the Social Security system,
which mails out 35 million checks a
month.
Architects of the rationing plan say it
could cost $ 2 billion to administer.
Under the plan, government author-ization
" checks"' would be mailed to
motorists every three months. The
checks could be exchanged for ration
coupons at banks and other distribu-tion
points. And motorists could sell
any unneeded coupons for whatever
price the free market would bear.
A one- gallo- n coupon could sell for $ 2
to $ 5 in the kind of severe shortage for
winch rationing is tailored, adminis-tration
economists estimate.
The amount of gasoline allotted to
each motorist in every quarter would
be determined by the Energy Depart-ment
according to the severity of the
shortage and available supplies- Congres- s,
after rejecting an earlier
White House plan last year, required
the revised rationing plan under the
1979 Emergency Energy Conservation
Act--
The plan calls for a nationwide dis-tribution
based on vehicle registra-tions,
rather than drivers licenses,
which the government deemed a less
accurate reflection of current gas con-sumption.
Senate passes plan
for draft registration
WASHINGTON ( UPI) The Senate
Thursday approved President Carter's
plan to register 4 million 19-- and 20- year-- old
men for a possible draft. Con-gress
is expected to complete action on
fee measure next week.
Although ihe House already has ap-proved
the registration plan, it still
must act on a minor amendment toe
Senate added to the legislation. But
registration opponents had little hope
of blocking final congressional approv-al.
The House is expected to act on the
amendment next week and send the
registration bill to President Carter,
who asked for it in January as part of
the American response to the Soviet in-vasion
of Afghanistan.
The Senate passed the bill, 5834, af-ter
more than a week of debate and de-laying
tactics, including a filibuster
and an all- nig- ht session.
While the measure called for $ 13.3
million to fund fee registration proc-ess,
the Senate trimmed that amount
by $ 10,000 to head off what supporters
felt could be damaging amendments.
Selective Service officials plan to be-gin
registration about five weeks after
final approval of the bill, possibly
around mid- Jul- y.
The plan calls for men born in 1960
and 1961 to fill out registration forms at
their local post offices and mail them
to the Selective Service
Carter already has power to register
men for the draft, but administration
nffiriaU said he would not use it unless
Congress endorsed the move by ap-proving
funds for the process.
Opponents of the legislation said
they will organize protest demonstra-tions
at post offices and at the Demo-cratic
National Convention in New
York this August
Senate approval of registration
" leads America closer to foreign wars
and domestic turmoil." said Rev. Bar-ry
Lynn, chairman of the Committee
Against Registration and the Draft.
Spokesmen for the American Choi
Liberties Union said they will file suit
phajlpnging fee registration plan be-cause
it does not include women, and
Lynn said he expects other suits to
emerge in the next weeks."
" The Selective Service system is
now at war wife young adults," he
said."
County to decide fate
of home mortgage bonds
By Alan Cohen
Missonrian staff writer
Boone County Presiding Judge Bill
Freeh said Thursday the County Court
soon will decide whether to inject $ 12 to
$ 15 million into the housing market by
selling Home Mortgage Revenue
Bonds.
The county would lend money from
the bond sale at a rate from 2 to 3 per-cent
lower than the current market in-terest
rate to families earning less
than $ 25,000 and buying homes costing
less tiSan $ 50,000.
The bond sale was made possible by
a biH, signed Tuesday by Gov. Joseph
Teasdale, intended, by fee General As-sembly
to beef up Missouri's housing
market.
Freeh's comments came after a for-mal
hearing in the County Court Thurs-day
morning. The hearing, which
Freeh called an education for the
court, was highlighted by opinions
from bankers, real estate agents,
bondsmen and a spokeswoman from
Home Builders Association of Mid- MIs- sou- ri.
About 30 persons attended.
Joel Mesznik, of Drexel, Buraham
and Lambert, a bonding company, de--
railed the court's original idea of ex-perimenting
with the market by selling
the bonds at $ 2 to $ 3 million incre-ments.
Mesznik said the county would
have to sell bonds for at least 300 mort-gages
to get a rating on the Standard
and Poor's Index.
The county now enjoys an AA rating,
fee second highest possible.
Mesznik suggested, however, that
any money not being used could be in-vested
in government securities to
gain interest.
An opponent of the bond proposal;
Ralph Gates of fee First National
Bank, said government intervention
would cause instability in the housing
market. He said the area's seven to
nine lending institutions should be able
to take care of the market on their
own. ' I dont think we have elected of-ficials
to put Boone County in the lend-ing
business,' ' he said.
Stan Elmore, owner of Design Man-agement
Inc., 1516 Business Loop 70
W., disagreed. He said he looks at the
bond sale as a " first aid program " to
help the housing industry. He said it is
better that the county take care of the
( See MORTGAGE, Page 12A)
I lit town today
6: 30 p. m. Legion baseball double- heade- r,
Mexico v. Columbia,
Fulton v. Columbia, Legion
Field.
7: 30 p-- m. Theater, " Fiddler on
the Roof," Maplewood Bam The-ater,
Nifong Park. Admission $ 2
for adults, $ 1 for children and
senior citizens.
8 p-- m. Theater, " The Sound of
Music," Columbia Entertain-ment
Company, Launer Audito-rium,
Columbia College. Admis-sion
$ 3.50 for adults, $ 20 for
students and senior citizens.
8: 15 p. m. Concert violinist Jo-seph
Swenson, MOSSPAC Cham-ber
Orchestra, Fine Arts Recital
Hall. Admission $ 4.50 for general
public, $ 3.50 for students and
senior citizens.
Inside t& szy
The 22nd Annual Art
Fair will open Saturday
morning. For a map of the
fair's exhibits on the
Boone County Courthouse I
lawn, see Page IB-- 1
I : , 1 Lj

STATS nXS- -- LRV
HITT & LOiaT Ci.
COLUMBIA. MO. 65-- J-
72nd Year No. 231 ChmmI Morn in"! It's Friday, June 13, 1980 2 Sections 18 Pages - 15 Cents
Panel issues new regulations for boarding homes
By Jennifer Hull
Missourian staff writer
JEFFERSON CITY After nine months of
deliberation, an ad hoc committe of the state's
Department of Social Servioes issued new regu-lations
Thursday for adult boarding and reside-ntial-
care facilities.
The regulations, effective July 11, include the
first fire safety code for these homes in the his-tory
of the state. They also set standards for in-creased
personnel in the 451 adult boarding
homes, 300 homes which house mentally- il- l pa-tients
and the 38 homes classified as reside-ntial-
care facilities.
The boarding home regulations are an out-growth
of the Omnibus Nursing Home Act
Fire safety and personnel standards set
passed by the Legislature in 1979. This law puts
boarding homes under state regulation for the
first time. The ad hoc committee on nursing
homes will issue its report next week.
Government attention focused on the facili-ties
after an April 1979 fire which killed 25 resi-dents
at the Straughan Wayside Inn Retirement
Home in Farmingtcn. Authorities reported that
some residents could have been saved if more
staff had been on . duty. The woman on duty that
night was asleep when the fire started. Authori-ties
also attributed casualties to lack of a sprin- -
kler system and failure of smoke alarms to go
off soon enough.
The new regulations require that facilities
with more than 12 residents have an attendant
on duty who is required to be awake around the
clock. They also call for an automatic alarm
system. Sprinkler systems in facilities with res-idents
located above the second floor are man-datory,
as are other fire safety measures.
" If these regulations had been implemented
before the Farmington fire, the loss of life
would have been drastically reduced," said Da--
vid Freeman, director oT social services.
The cost of the new regulations is estimated
to be $ 3.2 million for this Qscal year. Two- thir- ds
of this amount will be used for fire safety and
personnel.
Of 451 facilities surveyed, David Monson, di-rector
of the Division of Aging, said one- thir- d
did not comply with the fire safety regulations
and more than half of these would require con-struction
to meet the new standards.
Monson said many small facilities may not be
able to meet the cost of implementing the new
regulations. " There is a real potential for losing
as many as 100 homes, particularly among
smaller homes where operators will be unwil-ling
to go to the expense otpurchasing fire safe-ty
equipment or make other staff adjust-ments,"
he said.
But Diana Felix, an attorney in the depart-ment,
said the number of homes in the state
had increased since last year and the depart-ment
has received 55 applications for new
homes.
Monson said enforcement of the regulations
could be difficult since the division is under-staffed.
But he said the division is cross- trainin- g
staff members for community service. " I
think we can barely scrape by,' Monson said.
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Rod Simmons of Colombia, in his Darth Vader disguise, has a close encounter with children. Jotac- ans- a
Umpire emissary
With ' iorce9 gone9 Vader stalks local streets
By Frank Gurskis
Missourian staff writer
It was just a normal muggy summer day as peo-ple
strolled innocently in downtown Columbia. Or
so it seemed.' Without warning, a dark figure ap-peared,
his black cape rippling in the hot wind. In
shock, people recognized Darth Vader had come to
town.
No, mis isn't another science fiction film script It
is a tale of devotion and promotion. Rod Simmons,
a telephone operator in real life, is a devoted sci-ence
fiction buff who likes dressing in his home-made
costume and $ 40 mail- ord- er mask to become
Darth Vader, intergalactic villian and international
movie star. -
The promoting comes in passing out handbills for
the June 18 local opening of " The Empire Strikes
Back," the much ballyhooed " Star Wars" sequeL
Despite Simmons' grim facade most people
aren't afraid of him. His most unpredictable audi-ence
is children. He recalls when he was hired to be
surprise guest at a birthday party, " The kids
weren't expecting me when I walked through the
kitchen door while they were cutting the cake. They
started to run away, but the mother called mem
back." Still the kids kept their distance until they fi-nally
became used to him.
While Simmons seems to grab people fairly often,
he's careful to squeeze just strong hard enough to
stay in character. When dressed up he says, " I try
to bring out the mean, the evil" in his personality.
" But you can only do so much; I don't have the
force' like Darth," he says with a chuckle.
In full costume, it is a demanding role in the sum-mer
beat. He says, " Hie first time I wore this I lost
five pounds. I liked it; I needed to lose some
weight."
Simmons has seen " Star Wars" 40 times and
" The Empire Strikes Back" six times in St. Louis.
Of course it's cheaper for Simmons when he is in
full regalia he is often admitted free.
For his promotional work, Simmons is getting
special theatre posters of his alter ego. With a back-ground
in computers and acting, Simmons hopes to
go into movies as an actor, director or producer.
Mall site annexation
1 City stands to gain $ 1.2 million
I ByBefljMoHard
I Mfatsourianstafi writer
I Lost in the turmoil of discussion over
1 the May Co.' s proposal for a shopping
mall outside the city limits has been
il the long- ter- m effects on the county it-- B
self. Many arguments on these effects ji will surface during the Boone County
: B Planning and Zoning Commission
B bearing June B.
8 The commission is not expected to
B render an immediate decision on the n May Co. request for a change in the
tfi land's use status to planned commer-- B
cial zoning.
H The controversy over the city's pos-- M
sible annexation of the property has
iffi obscured other problems. But afialexa- -
tion may be a phantom issue, at least
m as far as the county is concerned.
B A surprising comment came from
M Boone County Presiding Judge Bill
fig Freeh, who said, " I think it would be
w great if the city annexed the prop-- Si
erty." Be added, " It would take some
load off the county's back." Be e-xit
plained the city would monitor the
W waste water disposition, which be sees
Insight
as one of the overriding concerns of
mall development. He said he wouldn't
make annexation a condition he would
impose, however. v
County Planner John Whiteside said
the county can't at around and wait for
the annexation" process to be com-pleted
before acting. " The attempt to
annex may not be successful, and we
would lose over a year anticipating
something mat didn't turn out," he
said.
Annexation is not a phantom issue
for the Special Business District, how-ever,
which is opposing the May Co.
shopping maQ. Even if the mall were
annexed by the city, it would lie out--'
side the geographic boundaries of the
Special Business District, which would
lose tax revenue as a result.
When asked what he thought was the"
most important impact of a mall on the
county, Freeh said it was a perceived
need on the part of consumers that
they would like to have a qualify de--
partment store for convenience in
shopping. Keeping consumer dollars
dose to home rather than sending
them off to be spent in St. Louis or
Kansas City benefits the county, Freeh
said.
He said it makes no financial differ-ence
to the county whether the land is
annexed. The May Co. report to the
Planning and Zoning Commission pro-jects
annnal revenues of $ 142,000 to
Boone County- onc- e phase two of the
project is completed. In addition, the
library would gain $ 26,000 annually
and the fire district, $ 42,000.
It does make a difference to the city,
however. Columbia would receive $ 1,- 226,0- 00,
according to May Co. figures.
This is money the city would lose un-less
the property is annexed. In either
case, the Columbia School District
would receive an additional $ 623,000
annually.
May Co. representative Art Spel- imey- er
said the company has been
working with the city for some time on
the question of annexation, But it
( See MAY CO., Page ISA)
Congress gets
gas ration bill
WASHINGTON ( UPI) The admin-istration
Thursday sent Congress a
plan for coupon gasoline rationing that
if triggered during a shortage
would rival the vast Social Security
system in scope.
Unless both houses of Congress re-ject
the plan within 30 days, it will be
put on standby status for use in severe
petroleum supply disruptions.
If at some time the president wishes
to invoke coupon rationing, he wQl
have to demonstrate that at least a 20
percent shortage of gasoline, diesel
fuel and home heating oil exists, or is
likely to exist for 30 days, or he will
have to obtain a special waiver from
then, the Energy Department
estimates rt would take about three
months to put the plan into effect in
addition to 12 to 15 months preparation
that would follow initial congressional
approval at a $ 103 million cost- Congre-ss
would have 15 days to block
any presidential decision to ration.
With 153 million vehicles registered
m this country, the Energy Depart-ment
has likened the proposed- coupo- n
plan to the Social Security system,
which mails out 35 million checks a
month.
Architects of the rationing plan say it
could cost $ 2 billion to administer.
Under the plan, government author-ization
" checks"' would be mailed to
motorists every three months. The
checks could be exchanged for ration
coupons at banks and other distribu-tion
points. And motorists could sell
any unneeded coupons for whatever
price the free market would bear.
A one- gallo- n coupon could sell for $ 2
to $ 5 in the kind of severe shortage for
winch rationing is tailored, adminis-tration
economists estimate.
The amount of gasoline allotted to
each motorist in every quarter would
be determined by the Energy Depart-ment
according to the severity of the
shortage and available supplies- Congres- s,
after rejecting an earlier
White House plan last year, required
the revised rationing plan under the
1979 Emergency Energy Conservation
Act--
The plan calls for a nationwide dis-tribution
based on vehicle registra-tions,
rather than drivers licenses,
which the government deemed a less
accurate reflection of current gas con-sumption.
Senate passes plan
for draft registration
WASHINGTON ( UPI) The Senate
Thursday approved President Carter's
plan to register 4 million 19-- and 20- year-- old
men for a possible draft. Con-gress
is expected to complete action on
fee measure next week.
Although ihe House already has ap-proved
the registration plan, it still
must act on a minor amendment toe
Senate added to the legislation. But
registration opponents had little hope
of blocking final congressional approv-al.
The House is expected to act on the
amendment next week and send the
registration bill to President Carter,
who asked for it in January as part of
the American response to the Soviet in-vasion
of Afghanistan.
The Senate passed the bill, 5834, af-ter
more than a week of debate and de-laying
tactics, including a filibuster
and an all- nig- ht session.
While the measure called for $ 13.3
million to fund fee registration proc-ess,
the Senate trimmed that amount
by $ 10,000 to head off what supporters
felt could be damaging amendments.
Selective Service officials plan to be-gin
registration about five weeks after
final approval of the bill, possibly
around mid- Jul- y.
The plan calls for men born in 1960
and 1961 to fill out registration forms at
their local post offices and mail them
to the Selective Service
Carter already has power to register
men for the draft, but administration
nffiriaU said he would not use it unless
Congress endorsed the move by ap-proving
funds for the process.
Opponents of the legislation said
they will organize protest demonstra-tions
at post offices and at the Demo-cratic
National Convention in New
York this August
Senate approval of registration
" leads America closer to foreign wars
and domestic turmoil." said Rev. Bar-ry
Lynn, chairman of the Committee
Against Registration and the Draft.
Spokesmen for the American Choi
Liberties Union said they will file suit
phajlpnging fee registration plan be-cause
it does not include women, and
Lynn said he expects other suits to
emerge in the next weeks."
" The Selective Service system is
now at war wife young adults," he
said."
County to decide fate
of home mortgage bonds
By Alan Cohen
Missonrian staff writer
Boone County Presiding Judge Bill
Freeh said Thursday the County Court
soon will decide whether to inject $ 12 to
$ 15 million into the housing market by
selling Home Mortgage Revenue
Bonds.
The county would lend money from
the bond sale at a rate from 2 to 3 per-cent
lower than the current market in-terest
rate to families earning less
than $ 25,000 and buying homes costing
less tiSan $ 50,000.
The bond sale was made possible by
a biH, signed Tuesday by Gov. Joseph
Teasdale, intended, by fee General As-sembly
to beef up Missouri's housing
market.
Freeh's comments came after a for-mal
hearing in the County Court Thurs-day
morning. The hearing, which
Freeh called an education for the
court, was highlighted by opinions
from bankers, real estate agents,
bondsmen and a spokeswoman from
Home Builders Association of Mid- MIs- sou- ri.
About 30 persons attended.
Joel Mesznik, of Drexel, Buraham
and Lambert, a bonding company, de--
railed the court's original idea of ex-perimenting
with the market by selling
the bonds at $ 2 to $ 3 million incre-ments.
Mesznik said the county would
have to sell bonds for at least 300 mort-gages
to get a rating on the Standard
and Poor's Index.
The county now enjoys an AA rating,
fee second highest possible.
Mesznik suggested, however, that
any money not being used could be in-vested
in government securities to
gain interest.
An opponent of the bond proposal;
Ralph Gates of fee First National
Bank, said government intervention
would cause instability in the housing
market. He said the area's seven to
nine lending institutions should be able
to take care of the market on their
own. ' I dont think we have elected of-ficials
to put Boone County in the lend-ing
business,' ' he said.
Stan Elmore, owner of Design Man-agement
Inc., 1516 Business Loop 70
W., disagreed. He said he looks at the
bond sale as a " first aid program " to
help the housing industry. He said it is
better that the county take care of the
( See MORTGAGE, Page 12A)
I lit town today
6: 30 p. m. Legion baseball double- heade- r,
Mexico v. Columbia,
Fulton v. Columbia, Legion
Field.
7: 30 p-- m. Theater, " Fiddler on
the Roof," Maplewood Bam The-ater,
Nifong Park. Admission $ 2
for adults, $ 1 for children and
senior citizens.
8 p-- m. Theater, " The Sound of
Music," Columbia Entertain-ment
Company, Launer Audito-rium,
Columbia College. Admis-sion
$ 3.50 for adults, $ 20 for
students and senior citizens.
8: 15 p. m. Concert violinist Jo-seph
Swenson, MOSSPAC Cham-ber
Orchestra, Fine Arts Recital
Hall. Admission $ 4.50 for general
public, $ 3.50 for students and
senior citizens.
Inside t& szy
The 22nd Annual Art
Fair will open Saturday
morning. For a map of the
fair's exhibits on the
Boone County Courthouse I
lawn, see Page IB-- 1
I : , 1 Lj